Base metals traded on the London Metal Exchange are broadly higher this morning, Thursday August 24, with three-month copper, zinc, lead and tin prices up by between 0.2% and 0.5%, with copper prices at $6,612 per tonne, while aluminium and nickel prices are by off 0.3% and 0.6%, respectively.

The Shanghai Futures Exchange (SHFE) is mulling over launching a stainless cold rolled coil contract, with a possible launch later this year, according to market participants.

Due to forthcoming public holidays in China, our weekly Chinese steel prices will not be assessed on October 4. The prices published on our website will be the same as September 27.

Profits of member mills of China Iron & Steel Association (Cisa) in August soared 35% month-on-month on a recovery in steel prices, the assn said on Thursday September 26.

Long steel imports into Brazil increased by 36.4% in 2012, according to figures disclosed by the country’s foreign trade ministry.

Following a review of regional transaction data, Metal Bulletin is proposing the following changes to the base currencies for the following steel prices.

The novel coronavirus (2019-nCoV) that originated in China but has since spread to more than 40 countries poses a serious threat to the Chinese nickel market, with demand, and therefore prices, said to be at considerable risk in the short term.

United States president Donald Trump said on Friday August 10 that he has authorized higher tariffs on imports from Turkey, imposing a 20% duty on aluminum and 50% duty on steel.

Canada has established surtax-free quotas for imports of energy tubular products and wire rods originating in Mexico, effective from February 2, according to an official from Canada’s Ministry of Finance.

Base metals traded on the London Metal Exchange are on divergent paths this morning, Monday September 25, with zinc and tin prices higher by 0.8% and 0.3%, respectively; lead and copper prices are little changed with three-month copper at $6,479 per tonne; and nickel and aluminium prices are weaker by 0.5% and 0.3%, respectively.